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Re: Mithrandir67 post# 116615

Friday, 03/01/2019 12:04:20 PM

Friday, March 01, 2019 12:04:20 PM

Post# of 122536
What I posted was purely information on the present situation of oil drilling/production and getting oil to the market. I am not posting this to support any position, as I have no position in MMEX. As a stock trader, it is important to understand the market we may wish to trade in before doing so. Fact is, a refinery is sorely needed in West Texas. If MMEX can get everything together, there will be a need for their services. If not, we still need a refinery in West Texas. And if MMEX has trucks contracted to carry crude oil to south of Uvalde to the Eagle Ford, then they are making money doing so. I am not aware if they have contracted tankers or not but do remember seeing they had considered doing so and said it was profitable on contracted oil delivery I think they did mention a while back. Good to know what I see if going to be in oil.

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